Title
American Rescue Plan Act Update
ACTION:
Receive as information an update on the Coronavirus recovery funds received in Mecklenburg County from the American Rescue Plan Act (ARPA). The presentation will include an update on recent changes to the US Department of Treasury's guidance; unspent ARPA funds; and, the Clawback provision outlined in each grant recipients' contract.
Staff Contact: Michael A. Bryant, Deputy County Manager
Presentation: Yes - presentation forthcoming
BACKGROUND/JUSTIFICATION:
On May 10, 2021, the US Department of Treasury announced the launch of the Coronavirus State & Local Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion in emergency funding for eligible state, local, territorial governments. Mecklenburg County received a direct allocation in the amount of $215 million from the US Department of Treasury.
PROCUREMENT BACKGROUND:
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POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A